-
Follow us on Twitter @buckeyeplanet and @bp_recruiting, like us on Facebook! Enjoy a post or article, recommend it to others! BP is only as strong as its community, and we only promote by word of mouth, so share away!
- Thread starter LordJeffBuck
- Start date
- Status
ScriptOhio
Everybody is somebody else's weirdo.
MICHIGAN AND JIM HARBAUGH ARE RIDING A CONCORDE RIGHT INTO THE SUN
When I was a kid, I always wanted to ride on the Concorde.
The Concorde, for those not familiar with it, was a supersonic badass Passenger Plane Of The Future tested and built in the 1960's and operated through the early 2000's. It had a cruising altitude nearly twice that of normal airliners, could complete long distance routes over twice as quickly as any other passenger jet on the planet, and had this sweet retro-futurist sci-fi pulpy look to it that wouldn't look out of place on a Fantastic Four cover from 1962.
It was cool and new and also an utterly stupid waste of time and money aggressively subsidized by the British and French governments for way, way too long.
The thing simply cost far too much money to operate; it turns out that flying half empty planes from New York to London once or twice a week wasn't a great business model, particularly when round trip tickets on the Concorde were three or four times more expensive than a comparable ticket on a normal flight. I'm sure that for a while there it was super dope for Pierre and Jeeves to take pictures on top of the Eiffel Tower after lunch and enjoy front row seats at Showtime at the Apollo a few hours later, but after a while dropping the 2020 equivalent of 15 grand round trip probably wore a little thin.
And as I mentioned, the same probably held true for the countries that propped it up via subsidies. France the United Kingdom spent the equivalent of literally tens of billions of 2020 dollars jointly developing the Concorde project, and you would think that once they realized the thing was a bust sometime in the early 1970's, they wouldn't continue throwing money at it for another three decades.
BUT THEY DID!
Economists and other observers of human behavior sometimes call this mentality "sunk cost" or the "escalation of commitment."
It's a trick of psychology that casinos and arcade games and shifty playing card scammers wearing fingerless gloves exploit to help them scam people into giving up all of the nickels in their piggy banks. It's simple to explain: people are often inclined to allocate increasing amounts of their own time or money into a hopeless cause because they feel the need to justify their current level of investment.
In other words, if you already spent five dollars trying to get that adorable Pitt the Elder plushie out of a crooked crane game at Cedar Point, what's another five bucks? After all, you have to get something out of it, right? And then, of course, 30 dollars later the guy working the counter feels bad for you and just opens up the machine and gives you one.
That generosity won't happen in Ann Arbor.
I can't pretend to have a perfect bead on the inner workings of the brains of Michigan's administration, but I have to believe that at this point the chief reason why they're currently thinking about a long-term extension for Harbaugh's contract is that they're caught in the throes of a logical fallacy.
Jim Harbaugh's current contract looks like this (courtesy of MLive.com):
[In] December 2014, [Harbaugh] inked his original deal for a $500,000-a-year salary and $4.5 million in additional compensation.
Michigan tacked on an annual life-insurance policy in August 2016 that included a $2 million premium advance, to be paid to Harbaugh each year through the balance of his contract. Factor in a contract-stipulated 10 percent raise for Harbaugh in January 2018 and you arrive at the $7.5 million figure that’s widely cited these days.
In 2020 that figure will be over $8 million, and the reason why there's more than a little hand-wringing in Ann Arbor is that Harbaugh's contract expires in 2021. This means that right about now is around the time when Michigan would potentially settle on an extension (or not) for their khaki-clad football man.
So will they?
I dunno! It depends on how comfortable Michigan fans are with having the third-highest paid coach in football win nine games every season but lose 75% of the tough ones, especially since the No. 1, 2, and 4 guys have all won national championships.
Entire article: https://www.elevenwarriors.com/coll...augh-are-riding-a-concorde-right-into-the-sun
When I was a kid, I always wanted to ride on the Concorde.
The Concorde, for those not familiar with it, was a supersonic badass Passenger Plane Of The Future tested and built in the 1960's and operated through the early 2000's. It had a cruising altitude nearly twice that of normal airliners, could complete long distance routes over twice as quickly as any other passenger jet on the planet, and had this sweet retro-futurist sci-fi pulpy look to it that wouldn't look out of place on a Fantastic Four cover from 1962.
It was cool and new and also an utterly stupid waste of time and money aggressively subsidized by the British and French governments for way, way too long.
The thing simply cost far too much money to operate; it turns out that flying half empty planes from New York to London once or twice a week wasn't a great business model, particularly when round trip tickets on the Concorde were three or four times more expensive than a comparable ticket on a normal flight. I'm sure that for a while there it was super dope for Pierre and Jeeves to take pictures on top of the Eiffel Tower after lunch and enjoy front row seats at Showtime at the Apollo a few hours later, but after a while dropping the 2020 equivalent of 15 grand round trip probably wore a little thin.
And as I mentioned, the same probably held true for the countries that propped it up via subsidies. France the United Kingdom spent the equivalent of literally tens of billions of 2020 dollars jointly developing the Concorde project, and you would think that once they realized the thing was a bust sometime in the early 1970's, they wouldn't continue throwing money at it for another three decades.
BUT THEY DID!
Economists and other observers of human behavior sometimes call this mentality "sunk cost" or the "escalation of commitment."
It's a trick of psychology that casinos and arcade games and shifty playing card scammers wearing fingerless gloves exploit to help them scam people into giving up all of the nickels in their piggy banks. It's simple to explain: people are often inclined to allocate increasing amounts of their own time or money into a hopeless cause because they feel the need to justify their current level of investment.
In other words, if you already spent five dollars trying to get that adorable Pitt the Elder plushie out of a crooked crane game at Cedar Point, what's another five bucks? After all, you have to get something out of it, right? And then, of course, 30 dollars later the guy working the counter feels bad for you and just opens up the machine and gives you one.
That generosity won't happen in Ann Arbor.
I can't pretend to have a perfect bead on the inner workings of the brains of Michigan's administration, but I have to believe that at this point the chief reason why they're currently thinking about a long-term extension for Harbaugh's contract is that they're caught in the throes of a logical fallacy.
Jim Harbaugh's current contract looks like this (courtesy of MLive.com):
[In] December 2014, [Harbaugh] inked his original deal for a $500,000-a-year salary and $4.5 million in additional compensation.
Michigan tacked on an annual life-insurance policy in August 2016 that included a $2 million premium advance, to be paid to Harbaugh each year through the balance of his contract. Factor in a contract-stipulated 10 percent raise for Harbaugh in January 2018 and you arrive at the $7.5 million figure that’s widely cited these days.
In 2020 that figure will be over $8 million, and the reason why there's more than a little hand-wringing in Ann Arbor is that Harbaugh's contract expires in 2021. This means that right about now is around the time when Michigan would potentially settle on an extension (or not) for their khaki-clad football man.
So will they?
I dunno! It depends on how comfortable Michigan fans are with having the third-highest paid coach in football win nine games every season but lose 75% of the tough ones, especially since the No. 1, 2, and 4 guys have all won national championships.
Entire article: https://www.elevenwarriors.com/coll...augh-are-riding-a-concorde-right-into-the-sun
Upvote
0
ORD_Buckeye
Wrong glass, Sir.
Yes, there's the longshot chance that that's true. I'm going to stick with the far more plausible explanation that he's been banging the AD's wife.
Upvote
0
Upvote
0
That was goddamned erotic.MICHIGAN AND JIM HARBAUGH ARE RIDING A CONCORDE RIGHT INTO THE SUN
When I was a kid, I always wanted to ride on the Concorde.
The Concorde, for those not familiar with it, was a supersonic badass Passenger Plane Of The Future tested and built in the 1960's and operated through the early 2000's. It had a cruising altitude nearly twice that of normal airliners, could complete long distance routes over twice as quickly as any other passenger jet on the planet, and had this sweet retro-futurist sci-fi pulpy look to it that wouldn't look out of place on a Fantastic Four cover from 1962.
It was cool and new and also an utterly stupid waste of time and money aggressively subsidized by the British and French governments for way, way too long.
The thing simply cost far too much money to operate; it turns out that flying half empty planes from New York to London once or twice a week wasn't a great business model, particularly when round trip tickets on the Concorde were three or four times more expensive than a comparable ticket on a normal flight. I'm sure that for a while there it was super dope for Pierre and Jeeves to take pictures on top of the Eiffel Tower after lunch and enjoy front row seats at Showtime at the Apollo a few hours later, but after a while dropping the 2020 equivalent of 15 grand round trip probably wore a little thin.
And as I mentioned, the same probably held true for the countries that propped it up via subsidies. France the United Kingdom spent the equivalent of literally tens of billions of 2020 dollars jointly developing the Concorde project, and you would think that once they realized the thing was a bust sometime in the early 1970's, they wouldn't continue throwing money at it for another three decades.
BUT THEY DID!
Economists and other observers of human behavior sometimes call this mentality "sunk cost" or the "escalation of commitment."
It's a trick of psychology that casinos and arcade games and shifty playing card scammers wearing fingerless gloves exploit to help them scam people into giving up all of the nickels in their piggy banks. It's simple to explain: people are often inclined to allocate increasing amounts of their own time or money into a hopeless cause because they feel the need to justify their current level of investment.
In other words, if you already spent five dollars trying to get that adorable Pitt the Elder plushie out of a crooked crane game at Cedar Point, what's another five bucks? After all, you have to get something out of it, right? And then, of course, 30 dollars later the guy working the counter feels bad for you and just opens up the machine and gives you one.
That generosity won't happen in Ann Arbor.
I can't pretend to have a perfect bead on the inner workings of the brains of Michigan's administration, but I have to believe that at this point the chief reason why they're currently thinking about a long-term extension for Harbaugh's contract is that they're caught in the throes of a logical fallacy.
Jim Harbaugh's current contract looks like this (courtesy of MLive.com):
[In] December 2014, [Harbaugh] inked his original deal for a $500,000-a-year salary and $4.5 million in additional compensation.
Michigan tacked on an annual life-insurance policy in August 2016 that included a $2 million premium advance, to be paid to Harbaugh each year through the balance of his contract. Factor in a contract-stipulated 10 percent raise for Harbaugh in January 2018 and you arrive at the $7.5 million figure that’s widely cited these days.
In 2020 that figure will be over $8 million, and the reason why there's more than a little hand-wringing in Ann Arbor is that Harbaugh's contract expires in 2021. This means that right about now is around the time when Michigan would potentially settle on an extension (or not) for their khaki-clad football man.
So will they?
I dunno! It depends on how comfortable Michigan fans are with having the third-highest paid coach in football win nine games every season but lose 75% of the tough ones, especially since the No. 1, 2, and 4 guys have all won national championships.
Entire article: https://www.elevenwarriors.com/coll...augh-are-riding-a-concorde-right-into-the-sun
Upvote
0
So I see the DFBIA creaming themselves over a CB recruit named Andre Seldon over on their boards. Never heard of him, so I looked him up. #160 recruit per 247 composite, okay...not terrible. Then I see he's 5'8/153 and they think he's going to make an immediate impact. FIVE FOOT EIGHT AND ONE HUNDRED FIFTY THREE POUNDS. He's the size of a lot of freshman in HIGH SCHOOL.
Oh, remember the last smurf CB they were drooling all over? Because I do. Boubacar Cissoko, all 5'8 / 171 lbs of him. Booby would play 22 games for ttun, logging 31 tackles and an interception before getting himself booted from the program.
Oh, remember the last smurf CB they were drooling all over? Because I do. Boubacar Cissoko, all 5'8 / 171 lbs of him. Booby would play 22 games for ttun, logging 31 tackles and an interception before getting himself booted from the program.
Upvote
0
- Status